Author Archive
Saturday, December 10th, 2011
Wells Fargo is lowering the interest rates on its student loans. But families should think twice before jumping at the offer. Federal student loans, by contrast, offer a fixed rate of 6.8 percent regardless of the student's credit profile. Private student loans from banks are widely ...
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Friday, December 9th, 2011
For years, tuition rates have far out-paced the rate of inflation. College students are now borrowing twice as much as they did just a decade ago.This year the total amount of student loan debt will exceed $1 trillion, the highest amount ever. This steep rise comes at a time of ...
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Friday, December 9th, 2011
Police arrested six people on Thursday for allegedly running a phishing scam that stole an estimated £1.6 million from victims who had taken out student loans.The group is alleged to have sent out e-mails asking people to update details on their student loan accounts, providing a link to a website ...
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Friday, December 9th, 2011
U.K. police arrested six people on Thursday for allegedly running a phishing scam that stole an estimated £1.6 million (US$2.6 million) from victims who had taken out student loans.The group is alleged to have sent out e-mails asking people to update details on their student loan accounts, providing a link ...
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Friday, December 9th, 2011
For students who take out loans to finance their education, the built-in grace period most loans carry can serve as early relief on the path to repayment. For six months after graduation, loan holders can search for jobs and launch the next chapters of their lives without immediately thinking about ...
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Thursday, December 8th, 2011
We promised in last week's post that this week we would cover the details of President Obama's new executive order to make it easier for students to repay their federal student loans. For your convenience, we'll break this into three parts: Loan consolidation: There used to be two programs for ...
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